I’m sure the member from Brantford–Brant will get an opportunity to ask a question to the minister here shortly, but I wanted to pick up where the minister left off, talking about development charges.

One of the things we’ve heard, that we’ve seen in the news is, “Oh, my gosh, the sky is falling. Municipalities aren’t going to have the revenue they used to have if they’re out there building affordable housing and/or purpose-built rentals.” I’ve had some conversations with municipalities, and I’d like to remind them that they’re sitting on about $8 billion of reserves when it comes to development charges—I know in my region of Waterloo alone, if you take all the municipalities, it’s hundreds of millions.

So I’m wondering if the minister could touch on what some of the discounts look like for building affordable housing and how municipalities are going to be able to leverage some of the reserves they already have.

Brantford is a manufacturing powerhouse and one of the most competitive places to do business. That is why global companies continue to invest and grow there.

Ferrero Canada is investing $44 million in Brantford. This sweet project will increase production capacity to help meet the growing demand for one of the world’s most favourite products. It will create 124 well-paying jobs, which is why we invested $1.5 million through our Southwestern Ontario Development Fund. In total, this program has created over 1,300 jobs and attracted over $736 million in investments, with much more in the pipeline.

This is our commitment to the people of Brantford and to families in Ontario.

In fact, we provide Brantford’s small business centre with close to $500,000 every year, and we support their Summer Company and their Starter Company Plus programs with over $85,000 annually to help young entrepreneurs get their businesses off the ground. A further $35,000 was invested this year in Digital Transformation Grants, and that helped local Brantford businesses put their businesses online.

The dream of entrepreneurship is once again within reach of thousands of families in Brantford and all across Ontario.

My question is for the Minister of Economic Development, Job Creation and Trade.

My riding of Brantford–Brant is home to some of our province’s most notable manufacturing operations, many of which are multinational companies. These companies positively impact my local community, where they operate and contribute to our province’s diverse and growing manufacturing sector. But to remain competitive, businesses must be assured that our government will continue fostering the right environment for their continued growth.

Will the minister please explain how our government supports manufacturers and businesses that are helping to deliver good-paying jobs for the people of Brantford?

There is no doubt that initiatives like the Regional Development Program help support businesses that continue to power our province’s economy.

I am proud that a distinguished company like Ferrero continues to make large-scale investments and is expanding its operation right here in my community of Brantford.

While it is positive that our Open for Business strategy continues to attract global manufacturers, we must also ensure that conditions are right for entrepreneurs to continue to succeed right here at home. Our entrepreneurs and small business leaders employ thousands in Brantford and help to keep Ontario’s economy competitive.

Will the minister please share how our government supports entrepreneurs as they start and grow their local businesses?